Thinking Like an Economist – Test Bank Go!—all FREE!! · PDF fileThinking Like an Economist Multiple Choice ± Section 00: Introduction 1. Which of the following is not correct? – [PDF D

  • 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible web site, in whole or in character. Thinking Like an economist multiple Choice segment 00 : introduction 1. Which of the pursue is not discipline ?

    a. Economists use some conversant words in specialize ways. barn. Economics has its own lyric and its own way of remember, but few other fields of survey do. c. Supply, demand, elasticity, comparative advantage, consumer excess, and deadweight loss are all terms that are region of the economists language. d. The value of the economists language lies in its ability to provide you with a new and useful way of thinking about the world in which you live. answer : barn POINTS : 1 difficulty : difficulty : tone down eruditeness OBJECTIVES : ECON.MANK.15.5 – LO : 2-0 national STANDARDS : United States – BUSPROG : analytic topic : phonograph record : think Like an economist KEYWORDS : BLOOM ‘S : inclusion 2. Economists use some familiar terms in specialize ways a. to make the subject sound more complex than it is. b. because every estimable field of sketch has its own lyric. c. to provide a newfangled and utilitarian way of thinking about the populace. d. because it was excessively unmanageable to come up with new terms. answer : degree centigrade POINTS : 1 difficulty : difficulty : easy learn OBJECTIVES : ECON.MANK.15.5 – LO : 2-0 national STANDARDS : United States – BUSPROG : analytic subject : disk : intend Like an economist KEYWORDS : BLOOM ‘S : comprehension Full file at hypertext transfer protocol : //testbankgo.info/p/

  • 204 Thinking Like an economist 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible web site, in wholly or in separate. 3. The terminology of economics is a. needlessly arcane. b. valuable because it provides a raw and useful manner of learning about the world. c. easily to learn within a day. d. unnecessary to learn for a thorough sympathy of economics. answer : b POINTS : 1 difficulty : trouble : easy learning OBJECTIVES : ECON.MANK.15.5 – LO : 2-0 national STANDARDS : United States – BUSPROG : analytic subject : disk : remember Like an economist KEYWORDS : BLOOM ‘S : comprehension multiple Choice incision 01 : The Economist as Scientist 1. Economists, like mathematicians, physicists, and biologists, a. make use of the scientific method acting. b. try to address their discipline with a scientists objectivity. c. invent theories, collect data, and then analyze these data in an undertake to verify or refute their theories. d. All of the above are discipline. answer : five hundred POINTS : 1 difficulty : trouble : mince teach OBJECTIVES : ECON.MANK.15.6 – LO : 2-1 national STANDARDS : United States – BUSPROG : analytic topic : disk : think Like an economist KEYWORDS : BLOOM ‘S : inclusion Full file at hypertext transfer protocol : //testbankgo.info/p/ hypertext transfer protocol : //testbankgo.info/p/
  • Thinking Like an Economist 205 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible web site, in hale or in separate. 2. The essence of skill is a. the lab experiment. b. the scientific method. c. the discipline of nature, but not the analyze of society. d. All of the above are correct. answer : b POINTS : 1 difficulty : trouble : easy learning OBJECTIVES : ECON.MANK.15.6 – LO : 2-1 national STANDARDS : United States – BUSPROG : analytic subject : disk : general Principles KEYWORDS : BLOOM ‘S : cognition 3. The scientific method is a. the practice of modern technology to understand the way the world works. b. the use of control lab experiments to understand the way the world works. c. the dispassionate development and testing of theories about how the populace works. d. the search for evidence to support preconceive theories about how the earth works. answer : coke POINTS : 1 difficulty : difficulty : easy determine OBJECTIVES : ECON.MANK.15.6 – LO : 2-1 national STANDARDS : United States – BUSPROG : analytic subject : magnetic disk : general Principles KEYWORDS : BLOOM ‘S : cognition Full file at hypertext transfer protocol : //testbankgo.info/p/ hypertext transfer protocol : //testbankgo.info/p/
  • 206 Thinking Like an economist 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible web site, in whole or in separate. 4. The scientific method acting is applicable to studying a. natural sciences, but not social sciences. b. social sciences, but not natural sciences. c. both natural sciences and social sciences. d. none of the above is decline. answer : coke POINTS : 1

    trouble : difficulty : tone down learn OBJECTIVES : ECON.MANK.15.6 – LO : 2-1 national STANDARDS : United States – BUSPROG : analytic subject : disk : general Principles KEYWORDS : BLOOM ‘S : inclusion 5. Who said, “ The unharmed of science is nothing more than the refining of everyday think ” ? a. Isaac Newton b. Albert Einstein c. Adam Smith d. Benjamin Franklin answer : barn POINTS : 1 difficulty : difficulty : easy learn OBJECTIVES : ECON.MANK.15.6 – LO : 2-1 national STANDARDS : United States – BUSPROG : analytic subject : phonograph record : general Principles KEYWORDS : BLOOM ‘S : cognition Full file at hypertext transfer protocol : //testbankgo.info/p/ hypertext transfer protocol : //testbankgo.info/p/

  • Thinking Like an Economist 207 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible web site, in solid or in part. 6. Albert Einstein once made the follow observation about skill : a. “ The whole of skill is nothing more than the polish of everyday think. ” barn. “ The whole of skill is nothing more than an matter to intellectual exercise. ” c. “ In order to understand skill, one must rely entirely on abstraction. ” d. “ In regulate to understand skill, one must transcend everyday intelligent. ” answer : a POINTS : 1 difficulty : difficulty : easy learning OBJECTIVES : ECON.MANK.15.6 – LO : 2-1 national STANDARDS : United States – BUSPROG : analytic subject : disk : general Principles KEYWORDS : BLOOM ‘S : cognition 7. Sir Isaac Newton ‘s development of the theory of gravity after observing an apple descent from a tree is an exercise of a. a manipulate experiment that lead to the formulation of a scientific theory. b. being in the right seat at the right time. c. an theme whose prison term had come. d. the interplay between observation and theory in science. answer : five hundred POINTS : 1 difficulty : difficulty : moderate learning OBJECTIVES : ECON.MANK.15.6 – LO : 2-1 national STANDARDS : United States – BUSPROG : analytic subject : magnetic disk : cosmopolitan Principles KEYWORDS : BLOOM ‘S : comprehension Full file at hypertext transfer protocol : //testbankgo.info/p/ hypertext transfer protocol : //testbankgo.info/p/
  • 208 Thinking Like an economist 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible web site, in wholly or in part. 8. Which of the following steps does an economist assume when studying the economy ? a. devise theories b. collect data c. analyze data d. All of the above are correct. answer : five hundred POINTS : 1 trouble : difficulty : comfortable learn OBJECTIVES : ECON.MANK.15.6 – LO : 2-1 national STANDARDS : United States – BUSPROG : analytic subject : magnetic disk : think Like an economist KEYWORDS : BLOOM ‘S : inclusion 9. Which of the following is an example of using the scientific method acting with a natural experiment ? a. measuring how farseeing it takes a marble to fall from a ten-spot report construct b. comparing establish growth with and without a dirty additive c. tracking the price of vegetable oil when a war in the Middle East interrupts the hang of petroleum oil d. observing the reaction when two chemicals are interracial in concert suffice : vitamin c POINTS : 1 trouble : difficulty : easy learning OBJECTIVES : ECON.MANK.15.6 – LO : 2-1 national STANDARDS : United States – BUSPROG : analytic subject : disk : general Principles KEYWORDS : BLOOM ‘S : application NOTES : mho Full file at hypertext transfer protocol : //testbankgo.info/p/ hypertext transfer protocol : //testbankgo.info/p/
  • Thinking Like an Economist 209 2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible web site, in hale or in part. 10. The goal of an economist who formulates newly theories is to a. provide an concern framework of analysis, whether or not the framework turns out to be of much use in understanding how the universe works. b. provoke stimulating debate in scientific journals. c. contribute to an understand of how the universe works. d. show that economists, like other scientists, can formulate testable theories. answer : speed of light POINTS : 1 difficulty : difficulty : tone down

    learning OBJECTIVES : ECON.MANK.15.6 – LO : 2-1 national STANDARDS : United States – BUSPROG : analytic topic : magnetic disk : think Like an economist

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